Power Metallic adds Quebec to C$30M financing offering

Power Metallic Mines Inc (TSX-V:PNPN, FRA:IVV1, OTCQB:PNPNF) has filed an amended and restated offering document for its previously announced brokered private placement, adding Quebec as an offering jurisdiction.

The financing remains unchanged, with the company seeking to raise up to C$30 million through the sale of up to 24 million common shares at C$1.25 each.

The agents also hold an option to sell an additional 2.4 million shares, potentially increasing gross proceeds by up to C$3 million.

The offering is expected to close around June 10.